LAGUNA SPRINGS – DEVELOPMENT PROJECT

Just a few metres from a white sandy beach and overlooking the sea, Laguna Springs is a ready project that is available for purchase with full planning consent.  The artists impression above shows the development which comprises of 24 apartments that will be popular with investors and holiday home buyers.
 
Laguna Springs is a complex that will enjoy a very strategic location - it is only 45 km from the city of Varna and its international airport and within walking distance of the famed tourist town of Balchik and its incredible botanical gardens and historical sites. The world-class sea resorts Albena and Golden Sands are only within a few minutes drive and the entire surrounding area is dotted with charming bucolic villages and historic landmarks, immersed in the beautiful Bulgarian coastal landscape.

What makes this place a unique investment opportunity is the fantastic prospect for growth potential and return on initial investment. These will be tremendously enhanced by the three new 18-hole golf courses being developed nearby by the world-renowned Gary Player and Ian Woosman. According to them, these golf courses will be some of the best in the world.

Development Overview

This spectacular complex stands only 10 m from the water’s edge and 20 m from the famed White Lagoon beach. It is to be built on a 1,600m2 plot overlooking the sea next to a natural source of thermal mineral water, which can be collected into the outdoor pool of the complex, offering curative treatment year-round.

Being located in a conservation area governed by strict laws concerning future building and development, the area is highly sought after. The building will have 24 apartments (one and two bedroom), ranging in size from 51m2 to 137m2, with a total build area of nearly 2500m2.

With apartments selling in the area up to 1500 euros per m2, the gross revenue would be around 3,600,000 euros.  With an acquisition cost of 520,000 euros, this is a project that will generate significant profits for an investor with the capability of completing the build.